<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on June 20, 2019</span></p></div><div class=newsTextDataWrapInner><p><strong>Sarawak Consolidated Industries Bhd (+ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>TRADING of shares in Sarawak Consolidated Industries Bhd (fundamental: 0.55/3, valuation: 0.3/3) triggered our momentum algorithm yesterday for the fifth time this year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The last time the counter triggered our momentum algorithm was on May 30. The stock went up 0.92% or one sen to RM1.10,&nbsp; giving it a market capitalisation of RM93.61 million.</p></div>

<div class=newsTextDataWrapInner><p>The counter saw 2.4 million shares traded, compared with its 200-day average trading volume of 238,797 shares.</p></div>

<div class=newsTextDataWrapInner><p>Sarawak Consolidated Industries’ net profit for the first quarter ended March 31, 2019 ballooned to RM1.59 million, from RM213,000 posted last year. However, quarterly revenue declined to RM17.44 million, from RM21.42 million. Earnings per share expanded to 1.85 sen from 0.25 sen registered previously. The group attributed its higher net profit to gain from the de-consolidation of a subsidiary. Meanwhile, the decline in revenue was due to a lower demand for spun piles and industrialised building system products.</p></div>


Sarawak Consolidated Industries Bhd (+ve)

TRADING of shares in Sarawak Consolidated Industries Bhd (fundamental: 0.55/3, valuation: 0.3/3) triggered our momentum algorithm yesterday for the fifth time this year.

The last time the counter triggered our momentum...

Stock With Momentum: Sarawak Consolidated Industries

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